Konkurencja i konsument · 12.03.1996
Great Expectations Creative Management, Inc., et al.; Prohibited Trade Practices, and Affirmative Corrective Actions
In settlement of alleged violations of federal law prohibiting unfair acts and practices and unfair methods of competition, this consent order requires, among other things, the franchisor of video dating services and its four franchises to properly and accurately disclose the annual percentage rate (APR) and other credit terms of financed memberships, as required by the federal Truth in Lending Act and requires the franchises to establish adjustment refund programs to compensate its past and current members who overpaid and were misled by the undisclosed finance charges and APRs. In addition, the consent order prohibits the respondents from providing franchises contracts with pre-printed APRs.